Finance & Accounting Outsourcing

Finance Accounting

Finance and Accounting Outsourcing

Cost reduction pressures, increasing regulatory compliance and demands for a closer alignment to the business are driving organizations towards new finance and accounting operating models. Chief Financial Officers (CFO) of leading organizations are leveraging finance and accounting services outsourcing as a strategy to change their operating models. RKT offers industry recognized financial services outsourcing solutions that support end-to-end functions in a CFO's office.

RKT ‘extends your enterprise’ by leveraging its deep finance and accounting functional expertise, industry intimacy, focus on operational excellence and global delivery model. CFOs outsource finance and accounting services to RKT that allow their internal teams to focus on core business issues, as the RKT team delivers a solution that standardizes financial service processes, transforms finance operations and lowers costs.

RKT's finance and accounting outsourcing service offerings include:

Source to Pay

  • Supply Chain Finance
    • Product Costing
    • Inventory Accounting
    • Manufacturing Accounting
  • Accounts Payable
    • Expense Reports
    • Payment Processing

Order to Cash

  • Accounts Receivable
  • Billing and Cash Application
  • Order Management
  • Credit Control
  • Collections
    • Invoice Adjustment
    • Dispute Resolution
    • Claims Management

Record to Report

  • General Accounting
  • Fixed Assets Accounting
  • Tax and Regulatory Reporting
  • Cost Accounting
  • Inter-company Accounting
  • Reporting and Consolidation

Corporate Functions

  • Treasury
  • Cash Management and Cash Flow Forecasting
  • Financial Planning and Analysis
    • Capital Budgeting
    • Revenue and Expense Budgeting
    • Quarterly / Annual Forecast
    • Ratio Analysis
    • Variance Analysis
    • Competitor Analysis
    • Market Analysis
  • Financial Modeling
    • Management Accounting

Risk and Compliance

With the rise of globalization and economic uncertainties, organizations face risks from both external and internal quarters. Risk and compliance measures are vital for an organization’s survival and growth. In addition, regulators, rating agencies and stock exchanges are driving best practices for risk management at an enterprise level with special emphasis on good corporate governance.

The RKT Risk Management Service (RMS) helps your organization manage diverse risks by embedding robust frameworks within your business processes, thereby protecting your business while, at the same time, ensuring enhanced performance and sharpening your competitive edge.

RKT’s Business Risk Management Services include:

  • Sarbanes-Oxley (SOX) Assistance
    • RKT has a proven 360 degree approach for assistance in SOX Compliance
      • Scoping and Planning
      • Testing of Entity Level Controls
      • Design Effective Documentation – Internal Controls over Financial Reporting (ICOFR)
      • Testing Design Effectiveness
      • Testing Operating Effectiveness
      • Remediation and Ongoing Monitoring
  • Internal Controls Evaluation
  • The RKT approach for internal control evaluation
    • Identify and understand key business processes
    • Assess risks and mitigate controls
    • Develop control self-assessment questionnaire to evaluate controls